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2025-08-30
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Copyright (c) 2025 Yucheng Liu, Hasni Abdullah

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How to Cite
The transmission mechanism and buffering strategies of social mentality fluctuations on systemic financial risks in cross-cultural contexts
Yucheng Liu
UiTM Faculty of Business and Management,Puncak Alam Selangor, 42300, Malaysia
Hasni Abdullah
UiTM Department of Economics and Financial Studies,Puncak Alam Selangor, 42300, Malaysia
DOI: https://doi.org/10.59429/esp.v10i8.3917
Keywords: cross-cultural background; social mentality fluctuations; systemic financial risk; transmission mechanisms; buffering strategies; cultural values; environmental moderating effects
Abstract
Based on environmental psychology, cross-cultural psychology, and financial risk theory, this study explores the transmission mechanisms of social mentality fluctuations on systemic financial risk in cross-cultural contexts through panel data analysis of eight countries including China, the United States, Germany, and Japan from 2019-2024, employing structural equation modeling and other methods. The research findings show that: social mentality fluctuations have significant transmission effects on financial risk (β=0.347), with East Asian collectivist countries demonstrating significantly higher transmission intensity (0.587) than Western individualist countries (0.463); the transmission mechanism operates through four mediating pathways including market liquidity and information transmission efficiency; cultural values and economic uncertainty have significant moderating effects on the transmission mechanism. This research provides theoretical foundation and practical guidance for constructing cross-cultural financial risk buffer strategies.
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